T 
345.60
-1.37%
Close of 9 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥60.71bn
FY2016FY2025
Net income
CN¥32.39bn
FY2016FY2025
Free cash flow
CN¥13.58bn
FY2016FY2025
Shareholders' equity
CN¥171.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥60.71bn | CN¥53.29bn | CN¥44.51bn | CN¥20.04bn | CN¥20.02bn | CN¥18.32bn | CN¥35.67bn | CN¥30.96bn | CN¥26.80bn | CN¥19.25bn |
| Gross profit | CN¥48.92bn | CN¥43.30bn | CN¥36.39bn | CN¥15.53bn | CN¥15.43bn | CN¥14.29bn | CN¥28.29bn | CN¥24.64bn | CN¥22.12bn | CN¥14.52bn |
| Research and development | CN¥14.72bn | CN¥13.14bn | CN¥12.12bn | CN¥8.34bn | CN¥8.99bn | CN¥7.67bn | CN¥10.67bn | CN¥9.62bn | CN¥8.26bn | CN¥7.69bn |
| Operating income | CN¥15.34bn | CN¥14.18bn | CN¥11.32bn | CN¥88.0m | −CN¥1.41bn | −CN¥1.42bn | CN¥5.04bn | CN¥2.60bn | CN¥2.94bn | −CN¥1.55bn |
| Net income | CN¥32.39bn | CN¥17.07bn | CN¥9.92bn | CN¥1.40bn | −CN¥550.0m | −CN¥3.25bn | CN¥7.01bn | CN¥1.11bn | CN¥2.15bn | −CN¥1.42bn |
| Diluted earnings per share | 46.24 | 24.45 | 14.84 | 2.13 | -0.85 | -5.42 | 10.90 | 2.02 | 3.65 | -2.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥267.56bn | CN¥242.58bn | CN¥219.14bn | CN¥191.69bn | CN¥191.86bn | CN¥187.25bn | CN¥200.17bn | CN¥185.83bn | CN¥162.24bn | CN¥144.41bn |
| Cash and short-term investments | CN¥78.51bn | CN¥76.91bn | CN¥59.34bn | CN¥42.55bn | CN¥49.38bn | CN¥42.92bn | CN¥42.98bn | CN¥58.28bn | CN¥46.37bn | CN¥32.55bn |
| Total liabilities | CN¥94.85bn | CN¥99.10bn | CN¥96.13bn | CN¥78.67bn | CN¥81.40bn | CN¥85.68bn | CN¥94.47bn | CN¥97.10bn | CN¥75.63bn | CN¥68.89bn |
| Debt | CN¥31.37bn | CN¥40.32bn | CN¥45.57bn | CN¥46.66bn | CN¥51.72bn | CN¥57.41bn | CN¥51.24bn | CN¥60.16bn | CN¥45.54bn | CN¥41.54bn |
| Shareholders' equity | CN¥171.06bn | CN¥142.55bn | CN¥122.18bn | CN¥112.28bn | CN¥109.68bn | CN¥100.35bn | CN¥103.44bn | CN¥86.72bn | CN¥84.84bn | CN¥71.54bn |
| Shares outstanding | 700m | 698m | 668m | 659m | 646m | 600m | 643m | 550m | 591m | 557m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥14.38bn | CN¥19.63bn | CN¥22.00bn | CN¥2.64bn | CN¥2.48bn | −CN¥3.82bn | CN¥7.33bn | CN¥7.12bn | CN¥7.07bn | CN¥5.27bn |
| Capital spending | −CN¥797.0m | −CN¥591.0m | −CN¥606.0m | −CN¥498.0m | −CN¥571.0m | −CN¥532.0m | −CN¥834.0m | −CN¥708.0m | −CN¥494.2m | −CN¥689.0m |
| Free cash flow | CN¥13.58bn | CN¥19.03bn | CN¥21.40bn | CN¥2.14bn | CN¥1.90bn | −CN¥4.36bn | CN¥6.50bn | CN¥6.41bn | CN¥6.57bn | CN¥4.58bn |
| Dividends paid | −CN¥1.42bn | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.66bn | CN¥16.11bn | CN¥15.19bn | CN¥18.34bn | CN¥14.84bn | CN¥13.83bn | CN¥12.74bn | CN¥15.87bn |
| Gross profit | CN¥12.50bn | CN¥12.80bn | CN¥11.99bn | CN¥14.98bn | CN¥12.03bn | CN¥11.13bn | CN¥10.10bn | CN¥13.07bn |
| Operating income | −CN¥1.46bn | CN¥3.92bn | CN¥2.50bn | CN¥5.57bn | CN¥4.10bn | CN¥3.56bn | CN¥2.30bn | CN¥5.01bn |
| Net income | −CN¥2.46bn | CN¥2.48bn | CN¥4.22bn | CN¥19.89bn | CN¥4.85bn | CN¥4.28bn | CN¥2.16bn | CN¥6.76bn |
| Diluted earnings per share | -3.89 | 3.93 | 6.03 | 28.40 | 6.92 | 6.11 | 3.09 | 9.69 |
| Cash from operations | — | CN¥14.38bn | — | — | — | — | — | — |
| Capital spending | — | −CN¥797.0m | — | — | — | — | — | — |
| Free cash flow | — | CN¥13.58bn | — | — | — | — | — | — |
| Total assets | CN¥259.09bn | CN¥262.23bn | CN¥267.56bn | CN¥270.58bn | CN¥252.44bn | CN¥247.76bn | CN¥242.58bn | CN¥244.30bn |
| Cash and short-term investments | CN¥79.52bn | CN¥80.71bn | CN¥78.51bn | CN¥80.45bn | CN¥80.02bn | CN¥78.10bn | CN¥79.57bn | CN¥76.30bn |
| Debt | CN¥26.40bn | CN¥30.75bn | CN¥30.78bn | CN¥31.37bn | CN¥39.14bn | CN¥42.23bn | CN¥39.57bn | CN¥45.73bn |
| Shareholders' equity | CN¥159.19bn | CN¥164.52bn | CN¥171.06bn | CN¥168.23bn | CN¥148.44bn | CN¥145.99bn | CN¥142.55bn | CN¥139.14bn |
Financial ratios
Data as of 4 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 80.6% | 81.3% | 81.8% | 77.5% | 77.0% | 78.0% |
| Operating margin | 25.3% | 26.6% | 25.4% | 0.4% | -7.0% | -7.8% |
| Net margin | 53.3% | 32.0% | 22.3% | 7.0% | -2.7% | -17.7% |
| Return on equity | 19.5% | 12.0% | 8.1% | 1.2% | -0.5% | -3.2% |
| Return on assets | 12.4% | 7.0% | 4.5% | 0.7% | -0.3% | -1.7% |
| Free cash flow yield | 6.7% | 8.9% | 10.4% | 1.5% | 1.4% | -1.7% |
| Revenue growth | 17.1% | 19.7% | 122.1% | 0.1% | 9.3% | -48.6% |
| Earnings growth | 95.1% | 72.1% | 606.9% | -355.1% | -83.1% | -146.3% |
| Current ratio | 1.55x | 1.51x | 1.23x | 1.00x | 1.00x | 0.99x |
| Debt to equity | 0.18x | 0.28x | 0.37x | 0.41x | 0.47x | 0.49x |
| Equity ratio | 63.9% | 58.8% | 55.8% | 58.6% | 57.2% | 53.6% |
| Interest coverage | 19.07x | 8.17x | 5.48x | 0.06x | -0.90x | -0.83x |
| R&D as a share of sales | 24.3% | 24.7% | 27.2% | 41.6% | 44.9% | 41.9% |
| Buybacks as a share of market value | -0.3% | -4.5% | -1.5% | -1.9% | -7.8% | 6.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 44.7% | 27.1% | 18.7% |
| Operating income | 458.7% | — | 44.7% |
| Net income | 184.7% | — | 29.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.9% | 80.7% | 80.2% | 79.7% |
| Operating margin | 25.9% | 22.9% | 17.6% | 14.0% |
| Net margin | 43.4% | 34.0% | 26.3% | 20.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 10.4 | 19.1 | 16.2 | 111.3 | -194.8 |
| Price to sales | 5.5 | 6.1 | 3.6 | 7.8 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 14 Mar 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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